Normal profit is the ________. Normal profit ________ part of a firm's opportunity cost.
A)return that an entrepreneur can expect to receive on the average; is
B)profit used by the Canada Revenue Agency to calculate tax owing; is
C)profit used by the Canada Revenue Agency to calculate tax owing; is not
D)return that an entrepreneur can expect to receive on the average; is not
E)difference between total revenue and total cost; is

Question

Quizplus · Accepted Answer

Normal profit is the return that an entrepreneur can expect to receive on average and is considered part of a firm's opportunity cost because it is the minimum amount needed to keep resources in their current use.

Normal Profit Is the ________